Dollar gains over dong

By Minh Hieu   September 4, 2026 | 12:52 am PT Google Get VnExpress first in Google Search info See more of the news you trust. Make VnExpress a preferred source to prioritise our updates in your Google search results
Dollar gains over dong
An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar rose against the Vietnamese dong Friday morning while heading for a weekly loss against major peers.

Vietcombank sold the greenback at VND26,285, up 0.1% from Thursday. On the black market, the currency dropped 0.23% to around VND25,810.

The State Bank of Vietnam reduced its reference rate by 0.04% to VND25,605.

Globally Asian shares rose on Friday as investors embraced a global rally before crucial U.S. jobs data, while bonds found some much needed relief after a top Federal Reserve official cooled rate hike fears and dragged the dollar lower, Reuters reported.

The dollar drew scant support from higher yields and was fetching ⁠98.96 against its major peers, after skidding 0.6% overnight. It is set for a weekly drop of 0.7%.

The dollar's retreat turbocharged a rally in the yen, ‌which has gained 2.6% this week to trade at 155.7 a dollar, putting it within striking distance of the 155.2 level.

Attention now shifts back to key data releases ahead of the FOMC meeting on September 15-16, including nonfarm payrolls later and CPI inflation next week.

Markets now imply a 75% chance of a September move, while a hike ⁠by October is fully priced in, raising the prospect of either a larger increase or back-to-back tightening.

"While we can't rule out another round of price checks, or intervention, it could also be pre-positioning — official or speculative — in expectation of a soft non-farm payrolls tonight and a potentially hawkish BOJ meeting in a fortnight," said Tony Sycamore, analyst at IG.

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